Top Economist David Rosenberg: Unnoticed Recession Already Here

Top Economist David Rosenberg: Unnoticed Recession Already Here

The long-predicted recession might already be here, says economist David Rosenberg. Factors like interest rate hikes, housing market slump, job losses, and stock market decline, along with inflation, raised concerns. However, the real indicator of a recession, the gross domestic income (GDI), went unnoticed. GDI dropped 2.3% in Q1 2023, following a 3.3% decrease in Q4 2022. This consecutive decline qualifies as a “technical recession,” marking the worst performance since the pandemic started.

Read more at Yahoo Finance

Summary
Top Economist David Rosenberg: Unnoticed Recession Already Here
Article Name
Top Economist David Rosenberg: Unnoticed Recession Already Here
Description
The long-predicted recession might already be here, says economist David Rosenberg.
Author
Publisher Name
Yahoo Finance
Publisher Logo

Leave a Comment

Your email address will not be published. Required fields are marked *